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Last 0.14 GBp
Change Today 0.00 / 0.00%
Volume 3.2M
TRP On Other Exchanges
As of 11:30 AM 10/13/15 All times are local (Market data is delayed by at least 15 minutes).

tower resources plc (TRP) Snapshot

0.14 GBp
Previous Close
0.14 GBp
Day High
0.14 GBp
Day Low
0.14 GBp
52 Week High
10/13/14 - 0.85 GBp
52 Week Low
03/20/15 - 0.11 GBp
Market Cap
Average Volume 10 Days
-0.0035 GBp
Shares Outstanding
Dividend Yield
Current Stock Chart for TOWER RESOURCES PLC (TRP)

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tower resources plc (TRP) Details

Tower Resources plc operates as an independent oil and gas exploration company. The company holds 30% working interest in 3 contiguous exploration blocks covering an area of approximately 23,000 square kilometers located in offshore Namibia; 80% interest in 2 blocks covering approximately 6,946 square kilometers of area in Zambia; 50% interest in the Algoa-Gamtoos licence and SW Orange Basin Block TCP in onshore South Africa; and 33.34% interest in Block 2B, in the Anza Basin, onshore Kenya. It also holds 20% carried interest in Marovoay Block-2102, which is covering approximately 8,444 square kilometers of area onshore Madagascar; and 50% interest in the offshore Guelta and Imlili and onshore Bojador blocks in the Saharawi Arab Democratic Republic. Tower Resources plc was incorporated in 2004 and is based in London, the United Kingdom.

6 Employees
Last Reported Date: 05/26/15
Founded in 2004

tower resources plc (TRP) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $959.2K
Compensation as of Fiscal Year 2014.

tower resources plc (TRP) Key Developments

Premier Oil And Tower Resources Plans To Exit Block 2B

Premier Oil plc (LSE:PMO) and Tower Resources PLC (AIM:TRP) plan to exit block 2B located in the Anza basin, northern Kenya, following drilling of the first well that failed to show any crude deposits. "We have withdrawn from the area where we feel there is no medium-term likelihood of commercially worthwhile success," said Tower's Chief Executive Officer Graeme Thomson.

Tower Resources PLC Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

Tower Resources PLC reported unaudited consolidated earnings results for the six months ended June 30, 2015. For the period, the company reported group operating loss of $5,400,028 compared to $49,083,030 a year ago. Loss for the period before taxation was $5,404,373 compared to $49,077,518 a year ago. Loss for the period after taxation was $5,404,373 compared to $49,077,518 a year ago. Basic and diluted loss per share was 0.14 cents compared to 1.51 cents. Cash used in operating activities was $3,053,371 compared to $1,294,410 a year ago. Purchase of property, plant and equipment was $4,241.

Tower Resources plc Announces Board Appointments

Tower Resources plc announced the appointment to the board of Dr. Philip Leighton Frank, who joins as independent non-executive director, and of Nigel Alan Quinton as exploration director, with immediate effect. Dr. Frank has over 30 years' wide ranging experience in the oil & gas industry, having commenced his career with BP where he reached the position of assistant chief geologist, a company-wide role. Philip subsequently held a series of senior exploration and business development positions across a number of successful E&P companies including Clyde Petroleum, Triton Resources, Monument Oil & Gas and LASMO. In 2003 Philip joined Emerald Energy, a FTSE-250 oil company, as exploration manager and was instrumental in the success of its Colombia and Syria exploration programmers, which resulted in Emerald's acquisition by the Sinochem Group for £532 million in 2009. Until March 2015, when he retired from full-time employment, Philip was exploration director at Sterling Energy with responsibility for all new venture and exploration activities in Africa and Kurdistan. Most notably this included Sterling's entry into Somaliland via a carried interest in the Odewayne block with Genel Energy plc. He will serve as an independent non-executive director and will be a member of the audit, remuneration and nominations committees. Nigel Quinton, is a geoscientist with over 30 years international exploration experience. He has worked in various senior roles in BP, Dragon Oil, and Hardy Oil & Gas. A co-founder of Sterling Energy, he was managing director until its listing on AIM in 2002, whereupon he became Operations and technical director, building an extensive African portfolio. From 2005 he worked as an independent consultant to various oil exploration companies, including serving as senior advisor to the Hashoo Group. Nigel has worked at Tower since late 2012, initially as a consultant and then as head of exploration. He was instrumental in the purchases of Wilton Petroleum, Rift Petroleum and the development of the Group's exploration portfolio, has overseen the drilling operations and most recently led in the evaluation and negotiation of the entry into the Thali PSC, Cameroon.


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